Jupiter Global Convertibles Fund L Acc EUR

木星全球可換股證券基金 L類 Acc 歐元

LU0522255313

Risk Rating: Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.50%

HKD10,000.00Min. Subscription

EUR

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+1.50%
3 mth
+1.42%
6 mth
+1.18%
1 yr
+1.74%
3 yr
+4.39%
5 yr
+10.21%

Analytical Figures (3 years)

Annualized Return
+1.44%
Annualized Volatility
+4.27%
Sharpe Ratio
+0.36

Fund Information

Fund Houses
Jupiter Asset Management (Hong Kong) Limited
Launch Date
2010-10-03
Fund Manager
Lee Manzi
Manager Start Date
2010-10-1
Geographical Focus
Global
Asset Class/ Sector
Fixed Income - Convertible
Risk Rating
Risk Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-11-11)
EUR 761,057,762.82
Management Fee
1.50%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.50%

HKD10,000.00Min. Subscription

EUR

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

Dividend Records

No Dividends

Investment Objective

To achieve long term capital growth through investment on a global basis in a diversified portfolio of convertible securities.
The Fund invests in a broad spectrum of convertible bonds issued throughout the world. It aims to utilise the hybrid characteristics of convertible bonds to capture some of the upside of equity markets, while to mitigate capital losses should equity markets decline.

Nature and Extent of Risks

Investment involves risks. The key risks associated with the Fund are set out below.
Please refer to the offering documents for details of all the risk factors.
1. General investment risk
The Fund is an investment fund. The Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore investment in the Fund may suffer losses. There is no guarantee of the repayment of principal
2. Risks related to investments in convertible securities
Convertible bonds are a hybrid between debt and equity, corporate bonds with an option that allows an investor to convert the bond into shares at a given price at specified times during the life of the convertible bond. This exposure to equity movements can lead to more volatility than could be expected from a comparable conventional corporate bond, or straight bond investments in general.
Investments in convertible bonds are subject to the same interest rate, credit and prepayment risks associated with comparable conventional corporate bonds. Price changes in fixed-income securities are influenced significantly by interest rate developments in the capital markets, which in turn are influenced by macro-economic factors.
The values of convertible securities also may be affected by changes in the credit rating, liquidity or financial condition of the issuer. The Fund may also be exposed to the credit and insolvency risks of the issuers of the securities.
3. Risks related to investments in fixed-income securities
The Fund is exposed to the credit/default risk of issuers of the fixed-income securities that the Fund may invest in.’
Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
The credit rating of a fixed-income security or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the Fund may be adversely affected. The Investment Manager may or may not be able to dispose of the fixed-income securities that are being downgraded.
Price changes in fixed-income securities are influenced predominantly by interest rate developments in the capital markets, which in turn are influenced by macro-economic factors. Investment in the Fund is subject to interest rate risk. In general, the prices of fixed-income securities could suffer when capital market interest rates rise, while they could increase in value when capital market interest rates fall. The price changes also depend on the term or residual time to maturity of the fixed-income securities.
Valuation of the Fund’s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the NAV of the Fund.
4. Risks related to investments in equities
Equities may be subject to general market risks and strong price fluctuations, influenced by issuer-specific factors, changes in investment sentiment, the profits or otherwise of individual enterprises and sectors as well as macroeconomic developments and political perspectives which determine the expectations of the securities markets and thus the movement of equity prices.
5. Risks related to use of financial derivative instruments for hedging/efficient portfolio management
Risks associated with financial derivative instruments include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. In adverse circumstances, the Fund’s use of financial derivative instruments may become ineffective in hedging/efficient portfolio management and the Fund may suffer significant losses in relation to use of financial derivative investments. The leverage element/ component can even result in a loss significantly greater than the amount invested in the financial derivative instrument by the Fund.
6. Risks related to foreign currencies
Given that the Fund may invest in assets which are not in its base currency and the class currency may be different from the base currency of the Fund, the NAV may be affected unfavourably by the fluctuations in currency exchange rates between these currencies and the base currency and by changes in exchange rate controls. With the exception of those Share classes identified in the offering documents as being passive currency hedged (being the US Dollar, Sterling and Swiss Franc denominated classes), the Investment Manager does not currently intend to hedge the foreign currency exposure of the Fund.
7. Risks related to the European sovereign risks crisis
The Fund invests in equity or equity-related securities which the issuers have their registered office or exercise the predominant part of their economic activities in Europe. In light of the current fiscal conditions and concerns on the sovereign risk of certain European countries, there is an increased amount of volatility, liquidity, price and foreign exchange risk associated with investments in Europe. The performance of the Fund could deteriorate significantly should there be any adverse credit events (e.g. downgrade of the sovereign credit rating of a European country) occurred.

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